n Bitcoin ETF volumes see biggest advance in 4 weeks.

Bitcoin price has fallen after 19 consecutive days of #Bitcoin ETF inflows. The ETF has faced heavy selling pressure, with volumes seeing two consecutive days of capital outflows.

On Tuesday, June 11, total outflows recorded by US Bitcoin ETFs rose to $200 million.

According to data from Santiment, Bitcoin ETF trading volume had reached its highest level since May 15. This increase seen among the seven majors #ETFs indicates the potential for a price reversal. Analysts believe the recent increase in volume is likely a response to a dip buying opportunity, indicating renewed investor interest and activity in the market.

On June 11, US spot ETFs #Bitcoin experienced a total net outflow of $200 million. This was the second consecutive day of departures. Grayscale's GBTC alone recorded an outflow of $121 million in a single day. As a result, the total net asset value of Bitcoin spot ETFs fell below $60 billion and currently stands at $59.227 billion.

Bitcoin has recently fallen below $67,000, Santiment said. Historically, when sell calls begin to close the gap with buy calls, this indicates growing panic and fear, often leading to a rally in cryptocurrency prices.

If the actual figures are lower than expected, it could mean a slowdown in inflation. It could potentially raise expectations for cryptocurrency prices to rise. On the contrary, if the numbers exceed expectations, it could indicate continued concerns about inflation, which could lead to a drop in cryptocurrency values.